Bokf Na cut its holdings in L3 Technologies Inc (NYSE:LLL) by 72.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,066 shares of the aerospace company’s stock after selling 13,331 shares during the quarter. Bokf Na’s holdings in L3 Technologies were worth $880,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in L3 Technologies by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 1,031,121 shares of the aerospace company’s stock valued at $178,755,000 after buying an additional 86,642 shares in the last quarter. Fort L.P. grew its holdings in L3 Technologies by 86.6% in the 4th quarter. Fort L.P. now owns 2,822 shares of the aerospace company’s stock valued at $490,000 after buying an additional 1,310 shares in the last quarter. ARP Americas LP purchased a new stake in L3 Technologies in the 4th quarter valued at $12,390,000. Ibex Investors LLC purchased a new stake in L3 Technologies in the 4th quarter valued at $219,000. Finally, Dimensional Fund Advisors LP grew its holdings in L3 Technologies by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 928,890 shares of the aerospace company’s stock valued at $161,292,000 after buying an additional 5,194 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.
In other news, insider Todd W. Gautier sold 7,438 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $205.69, for a total value of $1,529,922.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Todd W. Gautier sold 3,600 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $214.86, for a total value of $773,496.00. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Several brokerages have issued reports on LLL. Zacks Investment Research upgraded L3 Technologies from a “hold” rating to a “strong-buy” rating and set a $205.00 target price for the company in a report on Thursday, January 17th. Barclays dropped their target price on L3 Technologies from $274.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, December 4th. ValuEngine cut L3 Technologies from a “buy” rating to a “hold” rating in a report on Sunday, December 23rd. Citigroup dropped their target price on L3 Technologies from $224.00 to $205.00 and set a “buy” rating for the company in a report on Monday, January 14th. Finally, Cowen restated a “buy” rating and issued a $250.00 target price on shares of L3 Technologies in a report on Tuesday, January 29th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $228.90.
Shares of L3 Technologies stock opened at $210.35 on Tuesday. L3 Technologies Inc has a 52 week low of $158.76 and a 52 week high of $223.73. The firm has a market capitalization of $16.43 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The company has a current ratio of 1.97, a quick ratio of 1.61 and a debt-to-equity ratio of 0.56.
L3 Technologies (NYSE:LLL) last announced its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $3.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $0.44. L3 Technologies had a return on equity of 15.27% and a net margin of 9.81%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the company posted $2.25 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that L3 Technologies Inc will post 11.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, February 28th. This is a positive change from L3 Technologies’s previous quarterly dividend of $0.80. L3 Technologies’s dividend payout ratio is 31.63%.
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L3 Technologies Company Profile
L3 Technologies, Inc provides aerospace systems, communication, electronic, and sensor systems used on military, homeland security, and commercial platforms in the United States and internationally. It offers simulation and training, night vision and image intensification equipment, and security and detection systems; and components, products, subsystems, and systems, as well as related services to military and commercial customers in various business areas, such as total training solutions, power and propulsion systems, aviation products, precision engagement systems, and security and detection systems.
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